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Suppose you are given the following information about a closed economy: Real GDP is 400,000, Consumer spending is 375,000, Government spending is 50,000. What is

Suppose you are given the following information about a closed economy: Real GDP is 400,000, Consumer spending is 375,000, Government spending is 50,000. What is the tax rate in this economy? How much was the fiscal deficit? Does this country seem like a developing or advanced economy? Explain

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